Oil prices rose on Tuesday, after a sharp drop in the previous session, as risk appetite improved, although investors remained concerned about the rapid spread of the international omicron.
Sharjah 24 – Reuters:
Oil prices rose on Tuesday, after a sharp decline in the previous session as risk appetite improved, although investors remain concerned about the rapid spread of the omicron mutation globally.
Brent crude futures rose $1.51, or 2.1 percent, to $73.03 a barrel by 1442 GMT, while West Texas Intermediate crude futures rose $1.72, or 2.5 percent, to $70.33 a barrel.
“After two difficult days, crude oil prices are recovering, after containing a great deal of concern about Covid,” said Edward Moya, chief analyst at OANDA.
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